Credit Modeler I in New York, NY at Radian Group Inc

Date Posted: 1/8/2020

Job Snapshot

  • Employee Type:
  • Location:
    New York, NY
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:

Job Description

Radian Guaranty, Inc. in New York, NY, seeks Credit Modeler I to build statistical models for financial analysis to forecast economic influence on mortgage valuation. Estimate mortgage delinquency and repayment and predict insurance claim probability. Perform financial analysis including loss reserve, unearned premium, and severity. Generate simulations to perform back testing, sensitivity testing, and scenario testing to calculate loss against correlated mortgage risks and to evaluate economic factors which affect claim rates and prepay rates. Program and debug using C++, SAS, R, and Python and maintain programs in a multiprocessor environment. Select model designs, execute models, summarize output, and draft output reports to identify key drivers that lead to the change of model outputs. Identify and resolve erroneous model behavior. Perform routine data cleaning. Use classification algorithms including logistic regression to analyze financial data. Measure credit risk migration using stochastic or probability transition matrices. Estimate cash flow valuation on both primary and structured mortgage insurance policies. Analyze and assist in recommending alternative credit structures, risk sharing arrangements, and non-traditional manners for credit risk analysis. Use transition matrices to quantify mortgage risk in various states of delinquency, foreclosure, prepay, and curing. Identify trends and recommend adjustments to credit and portfolio guidelines. Create presentations and communicate business findings to management. Requirements: Master’s degree (or foreign equivalent) in Mathematical Finance, Actuarial Science, or a closely related field including knowledge of programming with R and C++ in Windows and Linux, options pricing, mortgage credit risk modeling, stochastic volatility modeling, and performing statistical and econometric analysis, which can be gained through experience, graduate level coursework, or internships.

EEO Statement

Radian complies with all applicable federal, state, and local laws prohibiting discrimination in employment.  All qualified applicants will receive consideration for employment without regard to gender, age, race, color, religious creed, marital status, sexual orientation, national origin, ethnicity, ancestry, citizenship, genetic information, disability, protected veteran status or any other characteristic protected by applicable federal, state, or local law.

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